Step-by-step process for developing a financial policy: the policy is monitored and reviewed (by financial and senior staff), the policy is implemented, the policy making structure (e.g. the Board), the policy is refined and finalised, with approval from your auditor.

People are more likely to implement and abide by policies if they had a say in making them, and they agree that they are “good” policies. The diagram below shows the cycle of policy development and who should be involved at each stage.Sumber: Financial Control and Accountability Toolkit by Janet Shapiro (CIVICUS)

Step-by-step process for developing a financial policy: the policy is monitored and reviewed (by financial and senior staff), the policy is implemented, the policy making structure (e.g. the Board), the policy is refined and finalised, with approval from your auditor.

For a step-by-step process for developing a financial policy:

Source : http://keuanganlsm.com/financial-control-financial-policies-who-makes-them/

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